Doesn't 30% down feel about right for where this bear market should land?

Discussion in 'Stocks' started by SoyUnGanador, Oct 5, 2022.

  1. I've read, "Average bear market has been -37% and lasting 277 days". If that's the case, this bear would bottom out late in October at ~ 3000.

    So... is this an average bear or will it be bigger??
     
    #21     Oct 6, 2022
    murray t turtle and Darc like this.

  2. Wow, still so far to fall just for an average bear! And the last question makes it even scarier. :(
     
    #22     Oct 6, 2022
  3. Some have warned, "worst bear market ever... rival or even exceeding the Great Depression". Hard to fathom that, but considering how bloated all the bubbles, who knows?

    To me, the market is acting like it's still in the "denial" stage. If that's correct, long way to go before bottom.
     
    #23     Oct 6, 2022
    Darc likes this.
  4. Handle123

    Handle123

    #24     Oct 6, 2022
    Darc and Scataphagos like this.
  5. <2000 is my guess also.
     
    #25     Oct 6, 2022
    Darc likes this.
  6. %%
    SAME with QQQ\
    not likely DOW or DIA falls 90%. NOT near the bank failures , now\
    + we now have so many welfare programs+ FDIC.
    Oil did get much cheaper+ oil bears did ok\ they stared selling oil by the quart\LOL:D:D
    THAT remains to be seen if OCT lives its Stock Trader's Almanac nickname ''bear killer''
     
    #26     Oct 6, 2022
  7. vanzandt

    vanzandt

    Yeah I know lol, hence the proverbial "pennies in front of a steam roller" adage.
    Big open interest on them though. The AM settled strike. 61,000.
    Another 19,000 were bought today. Most of them at $6.80.
    Wonder why? Must be a hedge.
    :rolleyes:
     
    #27     Oct 6, 2022
  8. smallfil

    smallfil

    We are not far from the severe recession coming but, it is not apparent to most investors and traders. It will start with Europe as it gets hit by very high natural gas prices. European consumers are already paying 300% more for natural gas and most of them, even the small businesses cannot afford it. The sabotage of the Nord Stream pipelines 1 & 2, guarantees natural gas prices will go even higher. Now, they have to haul it via natural gas container ships. There are not enough natural gas ships to go around. Demand is sky high. Oil is the second gut punch Europe is about to get as OPEC cuts 2,000,000 barrels of oil daily. Joe Biden has been bleeding the US strategic oil reserves dry by selling cheap oil to Europe. Oil dropping is a result of this manipulation. That is about to end when there is not a drop left. Wait till January 2023. By then, full blown recession will be in Europe. US will be next as the European Union is one of the largest trading partners of the US. When Europe is in a recession, how can they buy US goods when they have little monies left? So, US layoffs, US business going bankrupt. It is going to be pretty ugly because the US already has huge deficits on trade.
     
    #28     Oct 7, 2022
    nitrene likes this.
  9. vanzandt

    vanzandt

    upload_2022-10-7_8-13-2.jpeg

    Opens at 8:30 EST today

    .
     
    #29     Oct 7, 2022
  10. %%
    BEAR trends \bear markets seem to be getting shorter\ but\
    1973, 74,
    2000-01-2002,
    2008 went down much more than that37%, especially in NQ, or QQQ.
    NOT a prediction + not insured by any federal agency................................:D:D
     
    #30     Oct 7, 2022